Andrew J. Hall, the oil trader whose $100 million compensation while at Citigroup Inc. ignited controversy in 2009 over pay packages at bailed-out banks, posted his commodity hedge fund’s biggest annual loss last year.
Early this morning, revelers outside the Miami pop-up of the Paris nightclub Silencio found a popsicle-wielding indie-pop star staffing an ice-cream truck studded with half a million Swarovski crystals.
In September 2006, Greenwich, Connecticut-based hedge fund Amaranth Advisors LLC collapsed after losing more than $6 billion in the natural-gas futures market. In “Hedge Hogs,” Barbara T. Dreyfuss tells the story of the math-whiz traders whose risky dance with deregulation led to the collapse.
Contract negotiations covering workers at 14 U.S. East Coast and Gulf Coast ports will resume the week of Sept. 17 with federal mediators in an attempt to prevent a walkout that would disrupt holiday shipping.